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Basingstoke Road, Reading, Berkshire, RG2 0ET

South East

£350,000
Listed on 25/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1267 sqft

Description

This Victorian townhouse presents a promising opportunity for investors or those looking to create their ideal family home. Conveniently situated near Reading town centre, the property offers a generous layout with two spacious reception rooms, a kitchen accompanied by a separate breakfast room, and a bathroom on the first floor. While it requires modernisation, its competitive pricing reflects this potential, making it an attractive project for renovation enthusiasts. The opportunity for further development is notable; with appropriate planning permission, there is scope for extending the living space and adding extra bedrooms through a loft conversion. Retaining many charming original features and complemented by an appealing front garden along with a mature rear garden accessible from the back, this property invites creative updates to suit contemporary living.

Investment Analysis

(RG2 area)

Below Market Value

This property is priced -35.3% below area average per sq ft

-35.3%
Potential saving
This Property
£276/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£393
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£595,389
10% above area average per sq ft
Potential ROI
+48.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (RG2)

Area prices are falling by -9.7% over the last 12 months
3 year growth: -6.5%
5 year growth: +5.7%
Investment Disclaimer: Analysis based on RG2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Basingstoke Road, Reading, Berkshire, RG2 0ET
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,262
Based on a loan of £262,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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